Shekel flat

The shekel is stable against both the dollar and the euro in inter-bank trading today.

14 June 12 09:55, Guy Katsovich

The shekel is flat against the dollar and against the euro in inter-bank trading today. The shekel-dollar exchange rate is down 0.25%, compared with yesterday's representative rate, to NIS 3.874/$, and the shekel-euro exchange rate is up 0.06% to NIS 3.866/€.

In international markets, the dollar is traded at $1.258/€ against the euro and at 79.41/$ against the yen.

Moody's yesterday downgraded its sovereign bond rating for Spain, a day after Fitch Ratings downgraded Spanish banks. Rumors are spreading that Italy - the eurozone's third largest economy - could be next on the list, after Spain, for a bailout.

Published by Globes [online], Israel business news - www.globes-online.com - on June 14, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012